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How many types of Bank's Codes in India

Bank codes  are of two  types : the national and the International Codes  example  sort code  in the UK, ABA routing  code  in the US, IFSC  code  in India etc. SWIFT  code , which is used for international transfers. It is also called BIC ( Bank  International  Code ) and it is an international standard (BIC/ISO 9362). There are Two types of Bank's Code in India which is used to transfer the money from one Bank account to another Bank account. We need to transfer the money using the Bank's codes within country of out side the country. In India we used to Two Types of Code .
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Swift code for all the Bank in India

Swift Code of Bank in India  The swift code is a unique code which is used to internationally fund transfer from one Bank account to another Bank account via the internet. All the Bank have the unique swift code for their Bank Branches. SWIFT CODE :  SWIFT (Society for Worldwide Interbank Financial Telecommunication) is also known as BIC (Business Identifier Codes) . Swift code is also called swift number which is the set of 8 or 11 digit which represents the Branch of Bank. When you want to receive or want to send the money at international level than you must need to SWIFT Code. 

Account Number, IFSC, MICR, Debit Card, etc. of Merger Banks

Will your Account Details like Account Number, IFSC, MICR, Debit Card, etc. will change? After Merger the Bank ,the most of Bank of India having continue the same details like  Account number, IFSC, MICR, Debit Card etc till the further Notifications from the parent Banks. Merger Banks Cheque Book / Passbook   There are no need to request get for a new Passbook and Cheque Book. The customer can use previous Passbook / Cheque Book  till further notice from the parent Banks .

List of Merger of Public Sector Banks in India 2020

Reserve Bank of India is announced to combine a few Banks with each and develop the strong customer service Support and maintain their relationship with their customers. The merger would be effective from April 1,  2020 . ... According to the plan: Punjab National  Bank  will take over Oriental  Bank  of Commerce and United  Bank . Canara  Bank  will take over Syndicate  Bank . Union  Bank  of India will take over Andhra  Bank and Corporation  Bank . Indian  Bank  will be merged with Allahabad  Bank . Sl. No Acquirer Banks Banks to be Merged 1. Punjab National Bank(PNB) Oriental Bank of Commerce and United Bank of India 2. Indian Bank Allahabad Bank 3. Canara Bank Syndicate Bank 4. Union Bank of India Andhra Bank and Corporation Bank MICR CODE  OF ALL MERGER BANKS  1. PUNJAB NATIONAL BANK (PNB) & ORIENTAL BANK OF COMMERCE  AND UNITED BANK OF INDIA  2. ALLAHABAD BANK & INDIAN BANK  3 . CANARA BANK & SYNDICATE BANK 4. UNION BANK OF INDI

RBI - RESERVE BANK OF INDIA 2020

RBI - RESERVE BANK OF INDIA  RBI is is the central & National Bank of India which is governed / Ruled all over the bank within India.  All Bank of within country is accepted the Rule of Reserve Bank of India and follow their rules and  regulations for running their Bank operation. Reserve Bank of India is only single Bank of country which is decides Rate of interest for the central level. Official link of Reserve Bank of India : click here All type home Decor of Amazon.in